Wed, 30 July
38.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

No revision of key rate in next 6 months, central bank of Armenia says

YEREVAN, December 18, /ARKA/. The Central Bank of Armenia is not planning a revision of the key refinancing rate in the next six months, a Central Bank Board member Artur Stepanyan told reporters on Tuesday.

He said amid the current low inflationary environment the Central Bank will maintain the expansionary monetary policy.

“This means that in the coming months, in all likelihood, we will not make changes to the refinancing rate,” said Stepanyan. According to him, the future moves will depend on the development of events after the mid 2019. “However, before that, we will keep the expansionary policy within 6%, at least in the near future,” said Stepanyan.

The Central Bank began to gradually lower the refinancing rate from the second half of 2015 after a protracted period of tight policies. As a result, the rate decreased from 10.5% in June 2015 to 6% in February 2017. During this period, the regulator reduced the refinancing rate 12 times, including 8 times in 2016. In March 2017, the Central Bank set the refinancing rate at 6%, which has been preserved until now.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img